Living Stream Ministry

The information on this page was last updated 5/22/2023. If you see errors or omissions, please email: [email protected]


Summary

Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.


Contact information

Mailing address:
Living Stream Ministry
2431 W. LA Palma Avenue
Anaheim, CA 92801

Website: LSM.org

Phone: 714-991-4681

Email: [email protected]


Organization details

EIN: 237031637

CEO/President: Mr. Benson Phillips

Chairman:

Board size: 15

Founder:

Ruling year: 1969

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose


Mission statement


Statement of faith

Holding the Bible as the complete and only divine revelation, we strongly believe that God is eternally one and also eternally the Father, the Son, and the Spirit, the three being distinct but not separate. We hold that Christ is both the complete God and the perfect man. Without abandoning His divinity, He was conceived in the womb of a human virgin, lived a genuine human life on earth, and died a vicarious and all-inclusive death on the cross. After three days He resurrected bodily and has ascended to the heavens. He is now in glory, fully God but still fully man. We look to His imminent return with the kingdom of God, by which He will reign over the earth in the millennium and in eternity. We confess that the third of the Trinity, the Spirit, is equally God. All that the Father has and is, is expressed by the Son; and all that the Son has and is, is realized as the Spirit. We further believe that mankind is in need of God's salvation. Though we were absolutely unable to fulfill the heavy demands of God's righteousness, holiness, and glory, Christ fulfilled all the requirements through His death on the cross. Because of Christ's death, God has forgiven us of our sins, reconciled us to Himself, and justified us by making Christ our righteousness. Based on Christ's redemption, God regenerates the redeemed with His Spirit to consummate His salvation, that they may become His children. Now possessing God's life and nature, the believers enjoy a daily salvation in His Body in this age and the eternal salvation in the coming age and in eternity. In eternity we will dwell with God in the New Jerusalem, the consummation of God's salvation of His elect.

Donor confidence score

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Transparency grade

D

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Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating766 of 110233 of 59
Fund acquisition rating324 of 110315 of 59
Resource allocation rating640 of 110327 of 59
Asset utilization rating1060 of 110257 of 59

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
80%23%42%14%16%37%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
20%77%58%86%84%63%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%83%81%81%82%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%101%63%108%85%77%
Program output ratio Program output ratio =
Program services /
Total revenue
78%83%51%87%70%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-1%37%-8%15%23%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%0%7%-1%2%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%17%19%19%18%16%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.010.150.120.120.130.16
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.383.243.404.414.715.32
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.420.490.410.550.630.87
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.4318.4121.7219.7612.7825.85
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.050.050.050.080.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.1423.1828.2520.8817.5513.19
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%2%2%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
83%649%824%796%731%596%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$15,976,952$20,917,710$12,472,291$13,237,817$10,414,103
Receivables, inventories, prepaids$11,224,076$10,742,043$9,959,651$8,185,360$8,124,036
Short-term investments$6,800,933$819,954$708,477$571,852$400,025
Other current assets$0$0$0$0$0
Total current assets$34,001,961$32,479,707$23,140,419$21,995,029$18,938,164
Long-term investments$0$0$0$5,093,406$5,480,618
Fixed assets$76,088,387$77,816,549$78,785,146$76,186,197$76,085,770
Other long-term assets$2,500$2,500$186,909$212,302$206,058
Total long-term assets$76,090,887$77,819,049$78,972,055$81,491,905$81,772,446
Total assets$110,092,848$110,298,756$102,112,474$103,486,934$100,710,610
 
Liabilities20222021202020192018
Payables and accrued expenses$930,486$691,744$437,851$1,040,138$639,431
Other current liabilities$916,089$803,815$732,972$681,223$93,119
Total current liabilities$1,846,575$1,495,559$1,170,823$1,721,361$732,550
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$202,790$406,985$406,983$406,985$1,234,327
Total long-term liabilities$202,790$406,985$406,983$406,985$1,234,327
Total liabilities$2,049,365$1,902,544$1,577,806$2,128,346$1,966,877
 
Net assets20222021202020192018
Without donor restrictions$104,366,365$103,081,984$98,513,238$98,587,914$96,156,978
With donor restrictions$3,677,118$5,314,228$2,021,430$2,770,674$2,586,755
Net assets$108,043,483$108,396,212$100,534,668$101,358,588$98,743,733
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$3,742,982$8,856,075$1,632,885$2,594,019$7,967,674
Program service revenue$5,649,244$5,431,865$4,890,190$6,060,959$6,101,553
Membership dues$0$0$0$0$0
Investment income$237,696$56,826$123,754$210,735$112,635
Other revenue$6,908,832$6,582,184$5,059,974$7,438,023$7,294,265
Total other revenue$12,795,772$12,070,875$10,073,918$13,709,717$13,508,453
Total revenue$16,538,754$20,926,950$11,706,803$16,303,736$21,476,127
 
Expenses20222021202020192018
Program services$13,795,869$10,654,591$10,211,725$11,427,812$13,867,180
Management and general$2,851,606$2,504,756$2,417,416$2,433,667$2,691,498
Fundraising$0$0$0$0$0
Total expenses$16,647,475$13,159,347$12,629,141$13,861,479$16,558,678
 
Change in net assets20222021202020192018
Surplus (deficit)($108,721)$7,767,603($922,338)$2,442,257$4,917,449
Other changes in net assets$0$0$0$0$0
Total change in net assets($108,721)$7,767,603($922,338)$2,442,257$4,917,449

Compensation

NameTitleCompensation
Timothy GraverComputer Programmer$154,727
Martin FullerProject writer$136,627
Andrew Delos ReyesNetwork Administrator$126,722
Titus BoswellAsst. Facilities Manager$123,778
Hector FelixComputer Programmer$120,381
Ed MarksDirector$114,599
Ron KangasDirector$114,598
Curtis KennardVICE PRESIDENT & Treasurer$97,130
Kerry RobichauxASSISTANT SECRETARY$88,430
Samuel LeeASSISTANT TREASURER$86,418
Dennis HigashiDirector$82,492
Joel OladeleDirector as of 10.11.22$80,950
Raymond GraverPRESIDENT$44,600
Benson PhillipsPresident (Thru 8/15/22)$38,080
George DankerDirector$32,549
David KooDirector$29,858
Joe DavisDirector$5,856

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/22/2023. To update the information below, please email: [email protected]


History


Program accomplishments


Needs